President Trump announced a new tariff strategy called "Liberation Day" aimed at imposing reciprocal tariffs to level the playing field with other countries. Newt’s guest is David Beckworth, a former international economist for the U.S. Treasury Department and senior research fellow at the Mercatus Center. They discuss the implications of this new tariff policy. Beckworth explains the historical context and mechanics of tariffs, and the potential economic impacts, including the risk of stagflation and the effects on U.S. manufacturing. He also highlights concerns about the politicization of the Federal Reserve and the potential for increased lobbying. Their conversation also touches on the broader implications for international trade relations and the challenges businesses may face in adapting to the new tariff landscape.

<p>President Trump announced a new tariff strategy called "Liberation Day" aimed at imposing reciprocal tariffs to level the playing field with other countries. Newt&rsquo;s guest is David Beckworth, a former international economist for the U.S. Treasury Department and senior research fellow at the Mercatus Center. They discuss the implications of this new tariff policy. Beckworth explains the historical context and mechanics of tariffs, and the potential economic impacts, including the risk of stagflation and the effects on U.S. manufacturing. He also highlights concerns about the politicization of the Federal Reserve and the potential for increased lobbying. Their conversation also touches on the broader implications for international trade relations and the challenges businesses may face in adapting to the new tariff landscape.</p>

Join former House Speaker, professor, historian, and futurist Newt Gingrich as he shares his lifetime of knowledge and access to the world’s most interesting minds in a new series that covers all aspects of our society. From history to health, national security to science, Newt offers stories, conversations, and context to uncover new perspectives, knowledge and insight. This podcast isn’t about politics; it’s about exploring the past, present, and future to understand where we’ve been and where we’re going. Welcome to Newt’s World, a podcast for independent thinkers.

Newt's World

Episode 831: Trump’s Tariffs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/46bb2763-3752-41e9-b654-b2be003fd817/transcript

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